FRCheck eligibility

Closing guidance

Closing the business doesn’t automatically close the corporation

Final accounting, tax returns, CRA account closures and dissolution support are handled through Teplov CPA as a separate, one-time specialist engagement. Scope and pricing are agreed before work begins.

What a wind-down may involve

The right sequence depends on the corporation, but it may include:

  • Final accounting and tax balances
  • GST/HST, payroll and information returns
  • Final corporate income tax return
  • CRA account closures
  • Distributions, dissolution and final records

A clear specialist engagement

Teplov CPA assesses the corporation’s facts and scopes the final accounting, tax and dissolution support separately. SoloInc keeps the routine record organized up to the agreed transition point.

Ask Teplov CPA about closing